Mitsubishi is back in the UK with a much smaller but more focused new-car range. The return is led by the all-new Outlander PHEV and L200 Series 7, while the used market still contains familiar models such as the ASX and Eclipse Cross. Mitsubishi car finance can mean anything from a launch offer on a new plug-in hybrid to conventional funding for an older used SUV.
Enjoy Finance explains the main funding routes and links to third-party providers. We do not provide finance directly, and the website contains affiliate links.
How does Mitsubishi car finance work?
Current manufacturer-backed options include Personal Contract Purchase, Hire Purchase, Personal Contract Hire, Business Contract Hire and a 0% 50/50 product. New Mitsubishi credit agreements are currently offered through International Motors Finance Limited, while contract hire is provided through Lex Autolease.
The best route will depend on whether you want ownership, lower regular payments, business use or the ability to return the vehicle at the end.
The 0% 50/50 offer is unusually simple
Mitsubishi currently offers a 0% APR 50/50 agreement on the new Outlander PHEV and L200. You pay 50% of the vehicle price as the deposit, make no monthly payments for 23 months, then pay the remaining 50% after 24 months.
There is no interest added under the current offer, but the upfront commitment is substantial. On a car costing close to £50,000, half of the price needs to be available at the start.
For buyers with the cash to fund that deposit, it creates a very different comparison from PCP or HP. The question is less about monthly affordability and more about whether tying up half of the vehicle value upfront suits your finances.
PCP spreads more of the cost across the agreement
Mitsubishi PCP uses a customer deposit, fixed monthly payments and an Optional Final Payment. Current examples are based on 8,000 miles a year, with excess-mileage charges applying if the vehicle is returned over the agreed allowance.
At the end, you can pay the Optional Final Payment to keep the vehicle, return it subject to mileage and condition rules, or part-exchange it after settling the existing agreement.
For buyers looking at Mitsubishi car finance on the new Outlander PHEV, this structure can reduce the regular payment compared with repaying the whole balance during the term.
Read Personal Contract Purchase for a wider explanation of PCP.
The new Outlander PHEV changes Mitsubishi’s finance picture
The new Outlander PHEV arrived in UK dealerships in 2026 with prices starting from £46,995. It is available in five- and seven-seat forms and uses a plug-in hybrid powertrain with four-wheel drive.
Mitsubishi currently backs the new Outlander with an eight-year or 100,000-mile warranty, whichever comes first. That gives buyers a longer period of manufacturer cover than many conventional finance terms.
When comparing Mitsubishi car finance on the Outlander, look beyond the monthly payment. Include the deposit, APR, Optional Final Payment, charging access, fuel use and the warranty period.
The L200 creates a separate business-finance decision
The L200 Series 7 has also returned to the UK, including passenger and commercial versions. Its role as a working pickup means business users may compare Hire Purchase, Business Contract Hire and the current 50/50 offer rather than looking only at PCP.
Mitsubishi currently advertises Business Contract Hire on the L200 with an initial rental followed by fixed monthly rentals, based on an agreed annual mileage. The vehicle is returned at the end and excess-mileage or condition charges can apply.
Tax and VAT treatment can vary with the exact vehicle and how it is used. Business buyers should take advice from a qualified accountant rather than assuming every L200 purchase receives the same tax treatment.
Hire Purchase offers a clearer route to ownership
Hire Purchase spreads the financed balance across fixed monthly payments and works towards ownership rather than leaving a large Optional Final Payment.
Current Mitsubishi HP offers run for 60 months on the new Outlander and L200, with representative examples using 5.9% APR.
That can suit buyers who already know they want to keep the vehicle. It also removes the end-of-term mileage calculation associated with returning a PCP or leased vehicle.
What is HP Car Finance? explains this structure in more detail.
Older Mitsubishis are still a large part of the market
Mitsubishi’s new UK range currently centres on only two models, but the second-hand market is much broader.
The Mitsubishi ASX Car Finance page is relevant to buyers looking at the compact crossover, while Mitsubishi Eclipse Cross Car Finance covers another common used SUV.
Older Outlanders, Mirages, Shoguns and previous-generation L200s also remain widely available. These vehicles may be financed through independent providers rather than the new-car launch offers.
Before arranging Mitsubishi car finance on an older vehicle, check its service history, MOT record, mileage, tyres, previous repairs and remaining warranty. Age and value can also affect the maximum agreement length or borrowing available.
Novuna is not the lender behind the new launch offers
Mitsubishi HC Capital UK is the parent company behind Novuna, but that does not make Novuna the provider of Mitsubishi’s current new-car finance offers.
The live UK finance pages name International Motors Finance Limited as the lender for the new Outlander and L200 credit products.
That distinction matters because Mitsubishi’s corporate name and historic finance relationships can easily create uncertainty. Always check the lender shown on the actual agreement rather than assuming it from the manufacturer name.
Compare the launch offer with how you plan to use the car
Mitsubishi’s return gives buyers several very different ways to fund the same vehicle. The 0% 50/50 product avoids interest but requires a very large upfront payment. PCP keeps more cash available at the start but leaves an Optional Final Payment. HP works more directly towards ownership, while contract hire is based on returning the vehicle.
Before choosing Mitsubishi car finance, compare the deposit, APR, term, monthly payments, mileage conditions, total amount payable and any final payment.
Enjoy Finance provides information about vehicle funding and may link to third-party providers. Any quote, application or agreement is supplied by the relevant third party and remains subject to its own eligibility, affordability checks and terms.
For broader comparisons, visit PCP Car Deals or Car Loans.
FAQs
Is Mitsubishi back in the UK?
Yes. Mitsubishi returned to UK new-car sales in 2026 with the all-new Outlander PHEV and L200 Series 7, supported by a growing dealer network.
Does Mitsubishi offer 0% finance?
Yes. Mitsubishi currently offers a 0% APR 50/50 agreement on selected new Outlander PHEV and L200 models. It requires a 50% deposit, with the remaining 50% paid after 24 months.
Can I finance a used Mitsubishi?
Yes. Mitsubishi car finance can be available on used models through independent providers. Vehicle age, mileage, value and your circumstances can affect the available terms.
Who provides new Mitsubishi finance in the UK?
Current new-car credit offers are provided by International Motors Finance Limited. Mitsubishi’s UK distributor acts as a credit broker rather than the lender.
How long is the new Outlander PHEV warranty?
The new Outlander PHEV currently comes with an eight-year or 100,000-mile warranty, whichever comes first. Warranty terms and exclusions apply.
